Strategy allocated $81.9 million to Bitcoin purchases from Nov. 2–8 while buying back $188.3 million worth of STRC preferred shares.
According to information reported by Wu Blockchain, Strategy generated $283.8 million in proceeds by selling 2.05 million MSTR shares from Nov. 2–8. During the same period, the company bought 1,036 Bitcoin for $81.9 million and repurchased 1.89 million STRC preferred shares for $188.3 million.
The average purchase price for the Bitcoin was reported as $79,012.
Strategy’s Bitcoin treasury exceeds 850,000 BTC
As of Nov. 8, Strategy held 850,364 Bitcoin. The company had acquired these assets for a total of approximately $64.16 billion; the average cost of the Bitcoin was reported as $75,456.
As of the same date, Strategy had a $4.77 billion USD reserve and a $146.2 million cash balance.
Not investment advice.